18-19 George Street, St. Albans, AL3 4ES

This attractive three-storey end-of-terrace freehold property comprises two ground-floor retail units and a self-contained two-bedroom flat above (which is sold off on a long leasehold). The building is full of character and offers stable income with potential for rental growth. 18 George Street: Recently let to Maison Selin Ltd at a passing rent of £29,500 per annum on a lease running until 30/09/2041 with tenant break clauses and upwards only rent reviews at year 5 and 10. 19 George Street: Recently let to a new bakery, Glaze, at £18,500 per annum. The lease runs until 05/04/2033 and includes a tenant break clause and a rent review scheduled for April 2028. Both leases contain full repairing and insuring terms. Upper Flat: Sold on a 999-year leasehold at a peppercorn rent. Importantly, the owner of the flat assumes a full repairing obligation for the entire building above the ground floor ceiling, including the roof, reducing ongoing maintenance obligations for the freeholder or shop tenants. Please refer to the lease for full details.

The property is situated on George Street which is a niche location for boutique shops and independent retailers. Running from High Street down towards the Cathedral and St Albans Boys School.

This property is not subject to VAT.